JO_GR111
Portland, OR Thu Feb 21, 2019 USDA Market News
Pacific NW Basis Report: Morning soft white wheat, hard red
winter wheat, dark northern spring wheat, corn and soybean basis
for Portland delivery. All bids in cents per bushel.
Bids are limited and not fully established in early trading.
Bids for grains delivered to Portland, Oregon in dollars per bushel.
In early trading March wheat futures trended 7.25 to 7.75 cents per
bushel higher compared to Wednesday’s noon closes. May wheat futures
trended 7.00 to 7.50 cents per bushel higher.
Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for February delivery for ordinary protein were not well tested in
early trading, but bids were indicated as steady compared to Wednesday’s
noon bids for the same delivery period. Some exporters were not issuing
bids for nearby delivery. Bids for guaranteed maximum 10.5 percent protein
were not well tested in early trading but bids were indicated as steady
compared to Wednesday’s noon bids for the same delivery period. Some
exporters were not issuing bids for nearby delivery.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for February
delivery were not well tested in early trading, but bids were indicated as
higher compared to Wednesday’s noon bids for the same delivery period.
Some exporters were not issuing bids for nearby delivery.
Bids for 14 percent protein US 1 Dark Northern Spring Wheat for February
delivery were not well tested in early trading, but bids were indicated as
higher compared to Wednesday’s noon bids for the same delivery period.
Some exporters were not issuing bids for nearby delivery.
Bids for US 2 Yellow Corn delivered full coast in 110 car shuttle trains
during February delivery were not well tested in early trading but bids
were indicated as higher compared to Wednesday’s noon bids for the same
delivery period. Some exporters were not issuing bids for nearby delivery.
Bids for US 1 Yellow Soybeans delivered full coast in 110 car shuttle
trains during February were not well tested in early trading but bids were
indicated as higher compared to Wednesday’s noon bids for the same delivery
period. Some exporters were not issuing bids for nearby delivery.
Bids as of 9:30 a.m. Pacific time; Subject to change
US 1 Soft White Wheat - delivered by Unit Trains and Barges
Ordinary protein
Feb 132 to 147 +H
Mar 132 to 147 +H
Apr 128.25 to 138.25 +K
May 128.25 to 138.25 +K
Jun 125.25 to 135.25 +N
Guaranteed maximum 10.5 pct protein
Feb 142 to 147 +H
Mar 132 to 147 +H
Apr 128.25 to 138.25 +K
May 128.25 to 138.25 +K
Jun 125.25 to 135.25 +N
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
Ordinary protein
Feb 132 to 147 +H
Guaranteed maximum 10.5 pct protein
Feb 142 to 147 +H
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
Ordinary protei 137 to 159 +K
11 pct protein 143 to 173 +K
11.5 pct protein
Feb 150 to 180 +K
Mar 150 to 175 +K
Apr 150 to 175 +K
May 150 to 175 +K
Jun 150 to 160 +N
12 pct protein 150 to 180 +K
13 pct protein 150 to 180 +K
_
US 1 Dark Northern Spring Wheat (with a minimum of 300 falling numbers, a maximum
of 0.5 part per million vomitoxin, and a maximum of one percent total damage)
13 pct protein 80 to 112 +K
14 pct protein
Feb 100 to 120 +K
Mar 100 to 120 +K
Apr 100 to 115 +K
May 100 to 115 +K
Jun 100 to 110 +N
15 pct protein 100 to 120 +K
16 pct protein 100 to 120 +K
_
US 2 Yellow Corn
Shuttle trains-Delivered full coast Pacific Northwest-BN
Feb 130 to 130 +H
Mar 117 to 123 +H
Apr 100 to 102 +K
May 95 to 98 +K
Jun 85 to 90 +N
Jul 85 to 90 +N
_
US 1 Yellow Soybeans
Shuttle trains-Delivered full coast Pacific Northwest-BN
Feb 68 to 75 +H
Mar 65 to 69 +H
Apr 40 to 40 +K
May 40 to 40 +K
Jun 52 to 52 +N
Jul 55 to 55 +N
_
BASIS REPORT SYMBOLS:
January-F; February-G; March-H; April-J; May-K; June-M; July-N;
August-Q; September-U; October-V; November-X; December-Z
Source: USDA Market News Service, Portland, OR
Niki Davila 503-535-5001 Portland.LPGMN@ams.usda.gov
24 Hour Market Report 503-535-5005
www.ams.usda.gov/mnreports/jo_gr111.txt
www.ams.usda.gov/lpsmarketnewspage
8:43 P nd